4 Reasons to Sell this Spring
Attention Potential Sellers Sitting on the Fence, it could be time to make a move.
“It’s still predominately a seller’s market, but less so than the last year or two,” said Stan Humphries, Zillow’s chief economist. “Some advantages are moving back to buyers; but largely and broadly … it’s still favoring the sellers.”
4 Reasons to Sell this Spring
1. Low housing supply: Tight inventory is a main reason the ball is still in the sellers’ court. Lack of availability props up home prices which can result in multiple offers and ignite bidding wars.
2. Fewer cash buyers: All-cash and investment buyers helped buoy home sales in the last couple years. And while the acceleration of home prices has slowed from its recent double-digit growth, experts still expect modest gains this year, but with fewer cash buyers. A more stable and sustainable housing market is predicted as far as price growth is concerned.
3. Higher interest rates: While mortgage rates remain low, experts predict more buyers will enter the market in the coming months. The Federal Reserves recent hint that higher interest rates are coming sooner rather than later could prompt buyers to start their house hunt in order to take advantage of current lower interest rates.
4. Rising rents: Rising rental prices could motivate tenants to make the leap into home ownership. Rent Prices have risen 15% nationwide in the past five years in 70 metro areas across the U.S. and income growth hasn’t kept up, according to NAR (the National Association of Realtors).
Give me a call today to get things started or to discuss options in getting your home sold.
Thank You and Have a Great Day
Marina Jacobson
Broker, SFRDirect: 847-510-5009
Cell: 847-361-5605
Fax: 847-510-5109
Click Here For Your FREE Home Search
Your #1 Agent!
Certified Distressed Property Specialist
Search 1000’s of Homes at
www.MarinaJacobsonHomes.com
